News Snapshot:
Huawei confirms sale of Honor business to Shenzhen consortium Tuesday 17 November 2020 | 08:46 CET | News Huawei has confirmed an agreement to sell its consumer smartphone brand Honor and related business to a consortium led by the city of Shenzhen and local dealers of Honor products. No financial details of the deal were closed. Huawei said its consumer business had been under "tremendous pressure as of late" due to difficulties obtaining the necessary components following US sanctions against the group. The Honor sale is expected to help support local dealers and sellers in China, allowing the company to...
